Tag: CFR Qasim shredded scrap
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Pakistan: Imported shredded scrap stable w-o-w; Ramadan slowdown caps fresh bookings
Domestic longs stable; liquidity constraints cap aggressive restocking Mill utilisation may dip to 25-30% during Ramadan Imported scrap prices remained largely stable w-o-w in the week ended 17 February. Shredded scrap was heard at $380-382/t CFR Qasim, with buyers testing lower bids but failing to secure deals as yard prices and export offers stayed firm…